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SEGMENT REPORTING AND REVENUE INFORMATION
 9 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING AND REVENUE INFORMATION SEGMENT REPORTING AND REVENUE INFORMATION
Segment Reporting. The operating segments reported below are the segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer in deciding how to allocate resources and in assessing performance. The operating segments and segment results of the Company are determined based upon the management reporting system, which assigns balance sheet and income statement items to each of the business segments.
The Company evaluates performance and allocates resources based on pre-tax profit or loss from operations. Certain corporate administration costs have not been allocated to the reportable segments. The Company operates through two
operating segments: Banking Business Segment and Securities Business Segment. Inter-segment transactions are eliminated in consolidation and primarily include non-interest income earned by the Securities Business Segment and non-interest expense incurred by the Banking Business Segment for cash sorting fees related to deposits sourced from Securities Business Segment customers. For more information on the Company’s operating segments, see Note 22—“Segment Reporting” in the 2024 Form 10-K.
In order to reconcile the two segments to the consolidated totals, the Company includes corporate activities and intercompany eliminations. The following tables present the operating results, goodwill, and assets of the segments:
For the Three Months Ended March 31, 2025
(Dollars in thousands)Banking
Business Segment		Securities Business SegmentCorporate/EliminationsAxos Consolidated
Net interest income$272,260 $6,942 $(3,738)$275,464 
Provision for credit losses14,500 — — 14,500 
Non-interest income12,666 30,611 (9,904)33,373 
Non-interest expense118,325 28,416 (480)146,261 
Income before taxes$152,101 $9,137 $(13,162)$148,076 
For the Three Months Ended March 31, 2024
(Dollars in thousands)Banking
Business Segment		Securities Business SegmentCorporate/EliminationsAxos Consolidated
Net interest income$258,435 $7,133 $(3,962)$261,606 
Provision for credit losses6,000 — — 6,000 
Non-interest income11,908 32,746 (11,491)33,163 
Non-interest expense104,959 32,488 (4,219)133,228 
Income before taxes$159,384 $7,391 $(11,234)$155,541 
For the Nine Months Ended March 31, 2025
(Dollars in thousands)Banking
Business Segment		Securities Business SegmentCorporate/EliminationsAxos Consolidated
Net interest income$837,472 $21,216 $(11,077)$847,611 
Provision for credit losses40,748 — — 40,748 
Non-interest income24,204 89,517 (23,940)89,781 
Non-interest expense351,176 84,685 3,185 439,046 
Income before taxes$469,752 $26,048 $(38,202)$457,598 
For the Nine Months Ended March 31, 2024
(Dollars in thousands)Banking
Business Segment		Securities Business SegmentCorporate/EliminationsAxos Consolidated
Net interest income$694,289 $18,755 $(11,677)$701,367 
Provision for credit losses26,500 — — 26,500 
Non-interest income128,244 99,942 (36,387)191,799 
Non-interest expense308,027 87,979 (20,433)375,573 
Income before taxes$488,006 $30,718 $(27,631)$491,093 
As of March 31, 2025
(Dollars in thousands)Banking
Business Segment		Securities Business SegmentCorporate/EliminationsAxos Consolidated
Goodwill$35,721 $59,953 $1,999 $97,673 
Total Assets$23,206,934 $767,441 $6,779 $23,981,154 
As of June 30, 2024
(Dollars in thousands)Banking
Business Segment		Securities Business SegmentCorporate/EliminationsAxos Consolidated
Goodwill$35,721 $59,953 $1,999 $97,673 
Total Assets$22,165,627 $649,254 $40,453 $22,855,334 
Revenue Information. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Accounting Standards Codification (“ASC”) 606 for the periods indicated. For additional information on the Company’s recognition of revenue and ASC 606, see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2024 Form 10-K.
For the Three Months Ended
For the Nine Months Ended
 March 31, March 31,
(Dollars in thousands)2025202420252024
Advisory fee income$8,120 $8,105 $24,047 $23,686 
Broker-dealer clearing fees6,002 4,885 16,780 16,488 
Deposit service fees924 525 4,234 3,619 
Card fees589 495 2,195 1,909 
Bankruptcy trustee and fiduciary service fees351 1,418 2,746 4,209 
    Non-interest income (in-scope of ASC 606)15,986 15,428 50,002 49,911 
    Non-interest income (out-of-scope of ASC 606)17,387 17,735 39,779 141,888 
    Total non-interest income$33,373 $33,163 $89,781 $191,799